Paradigm Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Paradigm Capital Management, LLC reported 58 stock positions worth $108.0 million. Its top holding was JPMorgan Ultra-Short Income (JPST) at 12.4% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 11.8%) and Vanguard High DVD Yield ETF (VYM, 8.6%). Compared with Q4 2025, it opened 3 new positions, sold out of 7, added to 21 and reduced 22. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +8%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001910312
- Portfolio Value
- $108.0M (Q1 2026)
- SEC Filing
- 0001910312-26-000002 ↗ filed May 6, 2026
Holdings Value
Holdings 58 stocks · $108.0M
| JPST JPMorgan Ultra-Short Income | 12.45% | 265,661 | $13.4M | Add +8.4% |
| VIG Vanguard Dividend Apprec ETF | 11.76% | 59,053 | $12.7M | Add +0.8% |
| VYM Vanguard High DVD Yield ETF | 8.56% | 62,420 | $9.2M | Add +1.2% |
| SCHD Schwab US DVD Equity ETF | 4.41% | 155,191 | $4.8M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.95% | 8,899 | $4.3M | Reduce -18.5% |
| VHT Vanguard Health Care ETF | 3.83% | 15,176 | $4.1M | Add +2.3% |
| MRK Merck & Co. Inc. | 3.39% | 30,469 | $3.7M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 3.13% | 67,357 | $3.4M | Add +3.8% |
| JPM JPMorgan Chase & Co. | 3.02% | 11,078 | $3.3M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 2.72% | 10,253 | $2.9M | Reduce -1.3% |
| CVX Chevron Corp. | 2.38% | 12,450 | $2.6M | Add +2.3% |
| KMI Kinder Morgan Inc. | 2.37% | 76,212 | $2.6M | Reduce -0.5% |
| AAPL Apple Inc. | 2.33% | 9,907 | $2.5M | Reduce -1.5% |
| MSFT Microsoft Corp. | 2.11% | 6,160 | $2.3M | Add +23.4% |
| MO Altria Group Inc. | 1.92% | 31,412 | $2.1M | Add +4.8% |
| XOM Exxon Mobil Corp. | 1.90% | 12,123 | $2.1M | No change |
| JNJ Johnson & Johnson | 1.88% | 8,306 | $2.0M | Reduce -1.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.51% | 33,559 | $1.6M | Add +1.9% |
| T AT&T Inc. | 1.49% | 55,451 | $1.6M | No change |
| AMGN Amgen Inc. | 1.46% | 4,475 | $1.6M | Reduce -0.9% |
| SCHG Schwab US Large-Cap Growth | 1.44% | 53,407 | $1.6M | Add +2.0% |
| OKE Oneok Inc. | 1.39% | 16,652 | $1.5M | Add +32.6% |
| QQQ Invesco QQQ Trust Series 1 | 1.38% | 2,587 | $1.5M | Reduce -27.7% |
| USB US Bancorp | 1.36% | 28,139 | $1.5M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.15% | 5,968 | $1.2M | Add +54.0% |
| TFC Truist Financial Corp. | 0.94% | 22,000 | $1.0M | Add +15.2% |
| PM Philip Morris International | 0.92% | 6,017 | $995K | Add +2.8% |
| MCD McDonald's Corp. | 0.87% | 3,025 | $940K | No change |
| V Visa Inc. Class A | 0.86% | 3,076 | $930K | Add +0.0% |
| DUK Duke Energy Corp. | 0.81% | 6,701 | $877K | Add +7.1% |
| HPE Hewlett Packard Enterprise | 0.80% | 36,310 | $865K | Add +46.1% |
| D Dominion Energy Inc. | 0.80% | 13,975 | $864K | Add +6.2% |
| GS Goldman Sachs Group Inc. | 0.79% | 1,010 | $855K | Reduce -3.4% |
| APA Apa Corp. | 0.72% | 18,425 | $782K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.72% | 1,200 | $780K | Reduce -61.6% |
| MET Metlife Inc. | 0.70% | 10,767 | $761K | Reduce -4.6% |
| PFE Pfizer Inc. | 0.58% | 22,256 | $625K | Reduce -0.7% |
| COST Costco Wholesale Corp. | 0.55% | 592 | $590K | Reduce -0.8% |
| WFC Wells Fargo & Co. | 0.50% | 6,809 | $542K | Reduce -12.2% |
| AMAT Applied Materials Inc. | 0.48% | 1,515 | $518K | No change |
| META Meta Platforms Inc. Class A | 0.47% | 896 | $513K | Reduce -10.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.46% | 1,559 | $500K | Reduce -10.9% |
| ADBE Adobe Inc. | 0.41% | 1,818 | $442K | New |
| ETN Eaton Corp. PLC | 0.40% | 1,195 | $427K | Add +31.3% |
| AIG American International Group | 0.37% | 5,268 | $396K | No change |
| CEF Sprott Physical Gold and Sil | 0.36% | 8,145 | $389K | No change |
| PEP Pepsico Inc. | 0.36% | 2,475 | $384K | Reduce -2.4% |
| HD Home Depot Inc. | 0.33% | 1,076 | $354K | No change |
| CSCO Cisco Systems Inc. | 0.31% | 4,362 | $338K | Add +0.0% |
| NVS Novartis AG-Sponsored ADR | 0.31% | 2,177 | $333K | Reduce -2.9% |
| WPM Wheaton Precious Metals Corp. | 0.30% | 2,500 | $328K | No change |
| RTX RTX Corp. | 0.28% | 1,591 | $307K | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 0.25% | 5,275 | $271K | No change |
| LITE Lumentum Holdings Inc. | 0.25% | 381 | $268K | New |
| PCG P G & E Corp. | 0.22% | 13,328 | $234K | No change |
| EQT Eqt Corp. | 0.21% | 3,535 | $225K | New |
| UBER Uber Technologies Inc. | 0.21% | 3,100 | $223K | Add +13.8% |
| VXUS Vanguard Total Intl Stock | 0.19% | 2,650 | $204K | Reduce -3.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 951 | $1.1M | Reduce -1.0% |
Total filed on the 13F, all lines: $109.1M.
Portfolio Sells Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -61.6% | 0.72% | −1.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -18.5% | 3.95% | −1.21 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -27.7% | 1.38% | −0.68 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.39 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 3.02% | −0.38 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.36 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 2.72% | −0.34 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.28 |
| AAPL Apple Inc. | Reduce -1.5% | 2.33% | −0.24 |
| VTS Vitesse Energy Inc. | Sold out | 0.00% | −0.19 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.19 |
| HPQ HP Inc. | Sold out | 0.00% | −0.19 |
| WFC Wells Fargo & Co. | Reduce -12.2% | 0.50% | −0.18 |
| META Meta Platforms Inc. Class A | Reduce -10.0% | 0.47% | −0.14 |
| MET Metlife Inc. | Reduce -4.6% | 0.70% | −0.13 |
| BLE BlackRock Muni Inc. TR II | Sold out | 0.00% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -10.9% | 0.46% | −0.09 |
| GS Goldman Sachs Group Inc. | Reduce -3.4% | 0.79% | −0.07 |
| USB US Bancorp | Reduce -0.6% | 1.36% | −0.06 |
| VXUS Vanguard Total Intl Stock | Reduce -3.6% | 0.19% | −0.01 |
| PEP Pepsico Inc. | Reduce -2.4% | 0.36% | +0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -2.9% | 0.31% | +0.02 |
| PFE Pfizer Inc. | Reduce -0.7% | 0.58% | +0.05 |
| COST Costco Wholesale Corp. | Reduce -0.8% | 0.55% | +0.06 |
| AMGN Amgen Inc. | Reduce -0.9% | 1.46% | +0.07 |
| JNJ Johnson & Johnson | Reduce -1.8% | 1.88% | +0.23 |
| MRK Merck & Co. Inc. | Reduce -1.6% | 3.39% | +0.33 |
| KMI Kinder Morgan Inc. | Reduce -0.5% | 2.37% | +0.39 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.1% | 4.41% | +0.40 |
Portfolio Buys Q4 2025 → Q1 2026
| JPST JPMorgan Ultra-Short Income | Add +8.4% | 12.45% | +0.80 |
| VZ Verizon Communications Inc. | Add +3.8% | 3.13% | +0.65 |
| CVX Chevron Corp. | Add +2.3% | 2.38% | +0.64 |
| OKE Oneok Inc. | Add +32.6% | 1.39% | +0.53 |
| ADBE Adobe Inc. | New | 0.41% | +0.41 |
| AMZN Amazon.com Inc. | Add +54.0% | 1.15% | +0.31 |
| MO Altria Group Inc. | Add +4.8% | 1.92% | +0.29 |
| LITE Lumentum Holdings Inc. | New | 0.25% | +0.25 |
| VYM Vanguard High DVD Yield ETF | Add +1.2% | 8.56% | +0.24 |
| HPE Hewlett Packard Enterprise | Add +46.1% | 0.80% | +0.24 |
| EQT Eqt Corp. | New | 0.21% | +0.21 |
| ETN Eaton Corp. PLC | Add +31.3% | 0.40% | +0.12 |
| DUK Duke Energy Corp. | Add +7.1% | 0.81% | +0.12 |
| D Dominion Energy Inc. | Add +6.2% | 0.80% | +0.08 |
| TFC Truist Financial Corp. | Add +15.2% | 0.94% | +0.05 |
| PM Philip Morris International | Add +2.8% | 0.92% | +0.04 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.31% | −0.00 |
| UBER Uber Technologies Inc. | Add +13.8% | 0.21% | −0.00 |
| V Visa Inc. Class A | Add +0.0% | 0.86% | −0.15 |
| MSFT Microsoft Corp. | Add +23.4% | 2.11% | −0.16 |
| SCHG Schwab US Large-Cap Growth | Add +2.0% | 1.44% | −0.16 |
| VHT Vanguard Health Care ETF | Add +2.3% | 3.83% | −0.19 |
| BAC Bank of America Corp. | Add +1.9% | 1.51% | −0.19 |
| VIG Vanguard Dividend Apprec ETF | Add +0.8% | 11.76% | −0.35 |
Notes & Other Activity Q4 2025 → Q1 2026
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -1.0% | 951 | $1.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 64 | $115.1M | VIG, JPST, VYM, SCHD, VHT |
| Q1 2026 | 58 | $108.0M | JPST, VIG, VYM, SCHD, BRK.B |
| Q4 2025 | 62 | $106.4M | VIG, JPST, VYM, BRK.B, VHT |
| Q3 2025 | 59 | $99.7M | VIG, JPST, VYM, BRK.B, SCHD |
| Q2 2025 | 59 | $99.9M | VIG, JPST, VYM, BRK.B, SCHD |
| Q1 2025 | 54 | $96.3M | VIG, JPST, VYM, BRK.B, SCHD |
| Q4 2024 | 56 | $105.5M | VIG, VYM, JPST, SCHD, BRK.B |
| Q3 2024 | 57 | $103.4M | VIG, VYM, JPST, SCHD, BRK.B |